|AIG ELECTS KEVIN B. MCGINN VICE PRESIDENT AND CHIEF CREDIT OFFICER|
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NEW YORK--March 28, 2006--American International Group, Inc. (AIG) has announced that its Board of Directors has elected Kevin B. McGinn Vice President and Chief Credit Officer. Mr. McGinn reports to Robert E. Lewis, AIG Senior Vice President and Chief Risk Officer, who is also responsible for AIG's Enterprise Risk Management program.
Mr. McGinn will continue to serve as Chairman of the Credit Risk Committee, the senior credit policy and credit decision-making authority of AIG. He also manages AIG's Credit Risk Management Department, which is responsible for all credit exposures on a global basis, and serves as Chairman of AIG's Country Rating Review Committee.
Mr. McGinn, 57, joined AIG in 1999 as Credit Manager in the Enterprise Risk Management unit. In 2003 he assumed the position of Credit Executive, International Credit, and was named Chief Credit Officer in 2004. Before joining AIG, he served for eight years as Senior Vice President, Bank Austria New York, where he was Chief Credit Officer and later Head of Lending. Prior to that, he served for sixteen years as Vice President of Marine Midland Bank, a unit of HSBC Holdings plc, in various credit and lending positions, including head of the European multi-national business unit and Vice President, Latin America. He earned his B.A. and M.A. degrees from Fordham University. He served as a United States Peace Corps volunteer in Nicaragua and Guatemala.
American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange as well as the stock exchanges in London, Paris, Switzerland and Tokyo.